Streamline Health Solutions (NASDAQ:STRM) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Streamline Health Solutions (NASDAQ:STRMGet Rating) in a note issued to investors on Wednesday. The firm set a “sell” rating on the stock.

A number of other analysts have also weighed in on the stock. Colliers Securities restated a “buy” rating on shares of Streamline Health Solutions in a research report on Tuesday, March 22nd. TheStreet lowered shares of Streamline Health Solutions from a “c-” rating to a “d+” rating in a research report on Friday, June 10th. Finally, Lake Street Capital initiated coverage on shares of Streamline Health Solutions in a report on Friday, May 20th. They set a “buy” rating and a $3.00 price target on the stock.

Streamline Health Solutions stock opened at $1.20 on Wednesday. Streamline Health Solutions has a twelve month low of $1.04 and a twelve month high of $2.29. The company’s 50-day moving average price is $1.30 and its two-hundred day moving average price is $1.40. The stock has a market cap of $58.27 million, a P/E ratio of -7.50 and a beta of 0.79. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.30.

Streamline Health Solutions (NASDAQ:STRMGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $6.05 million for the quarter. Streamline Health Solutions had a negative net margin of 35.29% and a negative return on equity of 22.28%. During the same period last year, the business earned ($0.05) earnings per share.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC raised its stake in Streamline Health Solutions by 46.2% during the first quarter. HighTower Advisors LLC now owns 95,050 shares of the company’s stock worth $152,000 after buying an additional 30,050 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its stake in Streamline Health Solutions by 118.5% during the first quarter. Nicholas Hoffman & Company LLC. now owns 184,378 shares of the company’s stock worth $295,000 after buying an additional 100,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Streamline Health Solutions by 31.3% during the first quarter. Vanguard Group Inc. now owns 1,499,359 shares of the company’s stock worth $2,399,000 after buying an additional 357,200 shares during the last quarter. 40.83% of the stock is owned by institutional investors and hedge funds.

About Streamline Health Solutions (Get Rating)

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. It provides computer software-based solutions, professional consulting, and auditing and coding services, which capture, aggregate, and translate structured and unstructured data to deliver predictive insights.

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